Freddie Mac 2011 Annual Report Download - page 167

Percentage of
Portfolio
(2)
Serious
Delinquency
Rate
Percentage of
Portfolio
(2)
Serious
Delinquency
Rate
Percentage of
Portfolio
(2)
Serious
Delinquency
Rate
Percentage of
Portfolio
(2)
Percentage
Modified
(3)
Serious
Delinquency
Rate
Current LTV Ratio ⱕ80
(1)
Current LTV Ratio
of ⬎80 to 100
(1)
Current LTV ⬎100
(1)
Current LTV Ratio
All Loans
(1)
December 31, 2010
By Product Type
FICO scores ⬍620:
20 and 30- year or more amortizing
fixed-rate ................ 1.1% 8.6% 0.8% 15.1% 0.9% 27.5% 2.8% 12.9% 15.1%
15- year amortizing fixed-rate . . . . . 0.2 4.6 ⬍0.1 11.8 ⬍0.1 22.2 0.2 1.8 5.1
ARMs/adjustable rate
(4)
......... 0.1 12.2 ⬍0.1 18.4 ⬍0.1 28.6 0.1 7.6 16.9
Interest only
(5)
.............. ⬍0.1 17.6 0.1 25.3 0.1 39.9 0.2 0.9 33.3
Other
(6)
.................. ⬍0.1 3.7 ⬍0.1 8.5 0.1 13.2 0.1 3.1 5.6
Total FICO scores ⬍620 ....... 1.4 7.6 0.9 15.3 1.1 27.9 3.4 10.4 13.9
FICO scores of 620 to 659:
20 and 30- year or more amortizing
fixed-rate ................ 2.4 5.2 1.7 9.8 1.8 20.5 5.9 8.3 10.3
15- year amortizing fixed-rate . . . . . 0.6 2.6 ⬍0.1 7.3 ⬍0.1 16.6 0.6 0.9 3.0
ARMs/adjustable rate
(4)
......... 0.1 6.0 0.1 13.5 0.1 25.9 0.3 1.5 13.6
Interest only
(5)
.............. ⬍0.1 10.9 0.2 20.6 0.3 35.6 0.5 0.9 29.2
Other
(6)
.................. ⬍0.1 2.6 ⬍0.1 5.4 ⬍0.1 5.3 ⬍0.1 1.0 4.3
Total FICO scores of 620 to 659 . . . 3.1 4.5 2.0 10.3 2.2 22.0 7.3 6.5 9.9
FICO scores of ⬎= 660:
20 and 30- year or more amortizing
fixed-rate ................ 36.5 1.0 20.0 2.8 10.4 10.4 66.9 1.9 2.8
15- year amortizing fixed-rate . . . . . 12.5 0.4 0.9 1.4 0.1 7.3 13.5 0.1 0.5
ARMs/adjustable rate
(4)
......... 1.9 1.6 0.8 5.4 0.8 17.0 3.5 0.4 5.6
Interest only
(5)
.............. 0.7 3.7 1.2 10.3 2.8 23.1 4.7 0.4 16.7
Other
(6)
.................. ⬍0.1 2.1 ⬍0.1 2.0 0.1 1.3 0.1 0.4 1.7
Total FICO scores ⬎=660....... 51.6 0.8 22.9 3.1 14.2 12.6 88.7 1.3 2.7
FICO scores not available . . ....... 0.4 4.6 0.1 11.9 0.1 23.7 0.6 4.1 8.8
All FICO scores:
20 and 30- year or more amortizing
fixed-rate ................ 40.2 1.6 22.6 3.9 13.2 13.1 76.0 2.9 4.0
15- year amortizing fixed-rate . . . . . 13.3 0.6 0.9 2.0 0.2 8.8 14.4 0.2 0.8
ARMs/adjustable rate
(4)
......... 2.1 2.4 1.0 7.0 0.9 18.7 4.0 0.8 6.7
Interest only
(5)
.............. 0.7 4.5 1.3 11.7 3.2 24.9 5.2 0.5 18.4
Other
(6)
.................. 0.2 9.3 0.1 8.6 0.1 7.3 0.4 5.2 8.6
Total single-family credit guarantee
portfolio
(7)
............... 56.5% 1.4% 25.9% 4.3% 17.6% 14.9% 100.0% 2.1% 3.8%
By Region
(8)
FICO scores ⬍620:
North Central . . . ............ 0.2% 7.1% 0.2% 13.7% 0.2% 22.5% 0.6% 10.9% 13.0%
Northeast ................. 0.5 9.4 0.3 19.9 0.2 30.5 1.0 10.7 14.5
Southeast ................. 0.2 8.4 0.2 15.5 0.3 31.9 0.7 10.7 16.4
Southwest ................. 0.3 5.9 0.1 12.7 0.1 24.1 0.5 7.6 9.2
West.................... 0.2 5.6 0.1 13.5 0.3 28.0 0.6 12.3 15.8
Total FICO scores ⬍620 ....... 1.4 7.6 0.9 15.3 1.1 27.9 3.4 10.4 13.9
FICO scores of 620 to 659:
North Central . . . ............ 0.6 4.3 0.4 9.6 0.4 16.6 1.4 6.6 8.9
Northeast ................. 0.9 5.4 0.6 13.7 0.3 23.2 1.8 6.4 9.6
Southeast ................. 0.5 5.3 0.4 10.0 0.6 25.5 1.5 6.6 12.1
Southwest ................. 0.6 3.4 0.3 8.1 0.1 15.3 1.0 4.5 5.6
West.................... 0.5 3.5 0.3 9.6 0.8 23.7 1.6 8.5 12.7
Total FICO scores of 620 to 659 . . . 3.1 4.5 2.0 10.3 2.2 22.0 7.3 6.5 9.9
FICO scores of ⬎= 660:
North Central . . . ............ 8.9 0.7 4.9 2.8 2.3 7.9 16.1 1.2 2.1
Northeast ................. 15.0 1.0 5.6 4.4 1.5 12.0 22.1 1.1 2.1
Southeast ................. 7.4 1.2 4.1 3.0 3.6 15.1 15.1 1.4 4.1
Southwest ................. 7.3 0.7 2.9 2.3 0.3 6.8 10.5 0.7 1.2
West.................... 13.0 0.6 5.4 2.7 6.5 13.8 24.9 2.1 3.9
Total FICO scores ⬎=660....... 51.6 0.8 22.9 3.1 14.2 12.6 88.7 1.3 2.7
FICO scores not available ....... 0.4 4.6 0.1 11.9 0.1 23.7 0.6 4.1 8.8
All FICO scores:
North Central . . . ............ 9.6 1.2 5.6 3.9 3.0 10.5 18.2 2.0 3.1
Northeast ................. 16.6 1.6 6.4 6.0 2.0 15.4 25.0 1.9 3.2
Southeast ................. 8.2 1.9 4.7 4.3 4.5 17.8 17.4 2.4 5.6
Southwest ................. 8.2 1.2 3.4 3.6 0.5 10.9 12.1 1.5 2.1
West.................... 13.9 0.9 5.8 3.4 7.6 15.5 27.3 2.7 4.7
Total single-family credit guarantee
portfolio
(7)
................ 56.5% 1.4% 25.9% 4.3% 17.6% 14.9% 100.0% 2.1% 3.8%
(1) The current LTV ratios are our estimates. See endnote (5) to “Table 45 — Characteristics of the Single-Family Credit Guarantee Portfolio” for further information.
(2) Based on UPB of the single-family credit guarantee portfolio.
(3) See endnote (2) to “Table 56 — Credit Concentrations in the Single-Family Credit Guarantee Portfolio”.
(4) Includes balloon/resets and option ARM mortgage loans.
(5) Includes both fixed rate and adjustable rate loans. The percentages of interest-only loans which have been modified at period end reflect that a number of these loans have
not yet been assigned to their new product category(post-modification), primarily due to delays in processing.
(6) Consist of FHA/VA and other government guaranteed mortgages.
(7) The total of all FICO scores categories may not sum due to the inclusion of loans where FICO scores are not available in the respective totals for all loans. See
endnote (7) to “Table 45 — Characteristics of the Single-Family Credit Guarantee Portfolio” for further information about our use of FICO scores.
(8) Presentation with the following regional designation: West (AK, AZ, CA, GU,HI, ID, MT, NV, OR, UT, WA); Northeast (CT, DE, DC, MA, ME, MD, NH, NJ, NY,
PA,RI, VT, VA, WV); North Central (IL, IN, IA, MI, MN, ND, OH, SD, WI); Southeast(AL, FL, GA, KY, MS, NC, PR, SC, TN, VI); and Southwest (AR, CO, KS, LA,
MO,NE, NM, OK, TX, WY).
162 Freddie Mac